Convention for the protection of personal data - 32 years
Europe has officially celebrated the Data Protection Day for 32 years. This date is intended to remind people of the need to protect the privacy and private information. It also at least once a year calls governments to respect human rights in this area.
Employment, office moving, administrative formalities, health, shopping, services, travel, and Internet navigation are amenable to computer processing in almost all countries of the Old World. That is why in Europe the right to protection of this information is the primary condition for the exercise of other fundamental rights such as the right to respect for private and family life, freedom of expression and freedom of conscience.
January 28, 1981 in Strasbourg, the European Union adopted the Convention for the Protection of Individuals with regard to automatic processing of personal data, known as the "Convention № 108".
This is the only one in this area a binding international legal instrument, open to all countries.
Azerbaijan acceded to the Convention in 2008, and to the Convention on Cyber Crime in 2009. - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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